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1723 S Miami Blvd 3,155 SF Specialty Building Offered at $2,373,404 CAD at a 10.02% Cap Rate in Durham, NC 27703
Investment Highlights
- 6 self serve bays and 2 automatic bays
- Zoned Commercial General (CG); Parcel ID 165020
- High growth market.
- +/- 35,000 vehicles per day (NCDOT)
- Minutes from RDU Airport, RTP, and Downtown Durham
Executive Summary
Own a piece of one of NC's hottest markets. This established, income-producing car wash at 1723 S Miami Blvd in Durham is fully operational and cash-flowing from day one. Rarely does a proven wash like this hit the market. A true turnkey opportunity.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
Property Facts
| Price | $2,373,404 CAD | Lot Size | 0.87 AC |
| Price Per SF | $530.49 CAD | Building Size | 4,474 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.02% | Year Built | 1988 |
| Property Type | Specialty | Parking Ratio | 1.12/1,000 SF |
| Property Subtype | Car Wash | Cross Streets | Angier Av |
| Building Class | B | ||
| Zoning | CG - Commercial General (CG) zoning district is designed to accommodate a wide variety of commercial activities primarily served by major thoroughfairs | ||
| Price | $2,373,404 CAD |
| Price Per SF | $530.49 CAD |
| Sale Type | Investment |
| Cap Rate | 10.02% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.87 AC |
| Building Size | 4,474 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Parking Ratio | 1.12/1,000 SF |
| Cross Streets | Angier Av |
| Zoning | CG - Commercial General (CG) zoning district is designed to accommodate a wide variety of commercial activities primarily served by major thoroughfairs |
Amenities
- Bus Line
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 165020 | Improvements Assessment | $536,402 CAD |
| Land Assessment | $870,481 CAD | Total Assessment | $1,406,883 CAD |
Property Taxes
Parcel Number
165020
Land Assessment
$870,481 CAD
Improvements Assessment
$536,402 CAD
Total Assessment
$1,406,883 CAD
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1723 S Miami Blvd
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